Astral Foods Balance Sheet Health
Financial Health criteria checks 5/6
Astral Foods has a total shareholder equity of ZAR4.8B and total debt of ZAR751.6M, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are ZAR9.1B and ZAR4.3B respectively. Astral Foods's EBIT is ZAR850.1M making its interest coverage ratio 6.1. It has cash and short-term investments of ZAR739.2M.
Key information
15.8%
Debt to equity ratio
R751.59m
Debt
| Interest coverage ratio | 6.1x |
| Cash | R739.19m |
| Equity | R4.75b |
| Total liabilities | R4.35b |
| Total assets | R9.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARL's short term assets (ZAR5.6B) exceed its short term liabilities (ZAR3.4B).
Long Term Liabilities: ARL's short term assets (ZAR5.6B) exceed its long term liabilities (ZAR950.2M).
Debt to Equity History and Analysis
Debt Level: ARL's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: ARL's debt to equity ratio has increased from 1.2% to 15.8% over the past 5 years.
Debt Coverage: ARL's debt is well covered by operating cash flow (185.5%).
Interest Coverage: ARL's interest payments on its debt are well covered by EBIT (6.1x coverage).